SchoolGennie

Provide data to schools about their pain points

Description

SchoolGennie’s ambition was to help Indian schools, and India’s educational sector at large, to focus on and improve child development by providing management solutions that saved time, reduced overall costs and help make better administrative decisions. SchoolGennie introduced an ERP (electronic records portal) platform for schools which included services such as the Competitive Edge Software and Cloud Software Service.

Stats

Category

Education

Country

India

Started

In 2013

Closed

By 2014

Number of Founders

Two

Name of Founders

Amit Gupta, Pardeep Goyal

Number of Employees

Between 1 And 10

Number of Funding Rounds

Nothing

Total Funding Amount

-

Number of Investors

Nothing

Precise Cause of Failure

Lack of Experience

Business Outcome

Shut Down

Cause of Failure

The startup took off in 2013 but had to shut down it within a
year. One of SchoolGennie co-founders detailed in a post the factors that
caused the death of the company.

The first and most fatal of them was probably
not having any experience in the educational sector and not testing their
product for market fit. They've also tried to delay the release of the product
to ‘perfect it' instead of testing the waters with an MVP, thus increasing
production costs and losing time. Spending money on unnecessary office
furniture instead of spending it on hiring experienced developers was also on
their miss list. When they realized that schools and teachers weren't
interested in their product they tried to copy their competitors with little
success as they had no expertise in the services they were trying to add, to
begin with. Within a few months, the team started losing sight of their initial
vision and paid too much heed to outside influences. This caused a divide
between the two founders which caused delayed decisions and uncertainty. Again,
most of these problems could have been avoided had they had a mentor, which
admittedly, they didn't search eagerly enough for.

A big resource for entrepreneurs and startup owners, in which we have collected and analyzed why +100 big companies have failed. Learn from mistakes, and avoid being part of the 90% of businesses that fail.

SchoolGennie’s ambition was to help Indian schools, and India’s educational sector at large, to focus on and improve child development by providing management solutions that saved time, reduced overall costs and help make better administrative decisions. SchoolGennie introduced an ERP (electronic records portal) platform for schools which included services such as the Competitive Edge Software and Cloud Software Service.

Cause of Failure

The startup took off in 2013 but had to shut down it within a
year. One of SchoolGennie co-founders detailed in a post the factors that
caused the death of the company.

The first and most fatal of them was probably
not having any experience in the educational sector and not testing their
product for market fit. They've also tried to delay the release of the product
to ‘perfect it' instead of testing the waters with an MVP, thus increasing
production costs and losing time. Spending money on unnecessary office
furniture instead of spending it on hiring experienced developers was also on
their miss list. When they realized that schools and teachers weren't
interested in their product they tried to copy their competitors with little
success as they had no expertise in the services they were trying to add, to
begin with. Within a few months, the team started losing sight of their initial
vision and paid too much heed to outside influences. This caused a divide
between the two founders which caused delayed decisions and uncertainty. Again,
most of these problems could have been avoided had they had a mentor, which
admittedly, they didn't search eagerly enough for.